Florida folded crypto into its money services framework rather than building a bespoke regime: 2022 legislation defined virtual currency in Chapter 560 and clarified that intermediating its transmission requires an Office of Financial Regulation money transmitter license, effective January 2023, which captured fiat-touching exchanges while leaving pure two-party crypto activity outside. The state pairs that light structure with aggressive pro-industry posture: CFO-led proposals for state investment in bitcoin advanced in the 2025 session but died in May 2025 and again in 2026, a CBDC-hostile stance was written into the state's UCC definitions in 2023, and enforcement focuses on fraud through the securities and consumer-protection statutes. The 2026 session added the first bespoke pieces: HB 175 requires qualified payment stablecoin issuers to hold an Office of Financial Regulation license or exemption, effective June 26, 2026, and HB 505 requires crypto kiosk registration with disclosure and refund duties from January 1, 2027.
The instruments
Money services coverage of virtual currency
Defines virtual currency and requires a money transmitter license for intermediaries transmitting it; two-party transactions without an intermediary fall outside, and licensing, net worth, and reporting run through the OFR.
HB 175: payment stablecoin issuer licensing
Requires qualified payment stablecoin issuers to obtain Office of Financial Regulation licensure or an exemption, requires written notice from out-of-state issuers, provides for OFR supervision alone or jointly with the OCC, clarifies that payment stablecoins are not securities, and requires trust companies engaging in stablecoin activity to obtain approval.